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Burton officials hope HUD money helps redevelop properties - MLive.comBURTON, Michigan — A share of about $7 million in federal funds that is heading toward Genesee County could end up in Burton. County Commissioner Jamie Curtis, D-Burton, spoke at Monday's City Council meeting about the federal Neighborhood ...
Mike Luckovich - Atlanta Journal ConstitutionThe entry titled "Answering an SOS," and any of the comments about it. Mike Luckovich’s cartoon has moved to a new ajc.com address. Click here to view and bookmark. The new format features a larger version of Mike’s cartoon for the day and allow ...
Banks remain wary; some states blackballed - Traverse City Record-EagleWASHINGTON (AP) -- Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow -- even for those with good credit. Mortgage insurers, whose backing is required for borrowers who can't ...
Apartment building owner asks to forgive $1M loan - Hawk EyeCity officials are as much in the dark as the tenants who were evacuated during June flooding as to when they can return to the Burlington Apartments. "I can't tell you when they will be allowed to go back," City Manager Doug Worden said at Monday's ...
Arizona blackballed on some lender lists - Arizona Daily StarFor new home buyers and those seeking to refinance, it can mean higher down payments and a higher bar for credit scores, among other requirements. The toughest restrictions are in markets where home prices are falling, though regions where property ...
Coastal Post Online - Coastal Post NewsThe chairman of the Republican Party in Macomb County, Michigan, a key swing county in a key swing state, is planning to use a list of foreclosed homes to block people from voting in the upcoming election as part of the state GOP's effort to ...
Awaiting endorsement - Northwest HeraldIt’s almost time for the Northwest Herald’s presidential endorsement. The last one, Oct. 24, 2004, told us that the Bush “administration … made mistakes” and that “the main reason to invade Iraq ... has been disproved” and “the Bush ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms